In America, it seems to be a code of honor that the best possible economic system, which is good for all, is the capitalistic system, which has thereby helped to create America to be the richest nation in the world. However, when we look at wealth inequality in America, it is extremely disappointing that so many Americans live below the poverty line, and that the middle class of America, considered to be the visible foundation of representing that capitalism is the square deal, has been losing ground over the last couple decades, which presupposes that not all is well or healthy within this capitalistic system, as implemented here in America.
Look, it has to be said, for those that believe, that there isn’t anything better than America duly minting billionaires and multi-billionaires as if this represents why capitalism is so great, have got it wholly wrong, for it has to be stated, that one person or one family or one corporation, can only spend so much wealth, signifying that the more concentrated that wealth is, that the people and institutions holding that wealth, aren’t going to spend all that much of it, but rather they are going to save it and invest it, which doesn’t do much to help the economy or those that are the denizens of this nation, because the vast majority of GDP in this nation, comes from the people spending their money on all sorts of goods and services, and when a significant portion of that money is held in the hands of billionaires and multinational corporations, then this does not make for a vibrant or healthy economy.
Additionally, it has to be acknowledged that when profits are extracted from a business enterprise in which the lion’s share ends up in the hands of top executives or investors, reflects that those that are just regular employees of such, are in many a case, being exploited, because they are not getting a fair share of those profits, and of which, if they were, it would not only help to reduce inequality, but it would serve to strengthen and to increase those that would make up the middle class.
Indeed, employees, in the absence of unions, don’t have much negotiating power with upper management, unless they themselves have either a unique skillset or their particular knowledge is in high demand. This signifies that when it comes to negotiating the terms of an employment agreement, potential employees have little power, which is seconded by the fact, that in many a State, there are the misnamed “right to work” laws, which essentially means that unions are basically neutralized, as well as we also have “at-will” employment, which means that the employer can dismiss an employee at any time for no reason, at all.
So then, in recognition that capitalism is a zero-sum game, in which there are obvious winners and there are obvious losers, the only conceivable institution that can help to level the playing field is this government, of, for, and by the people, which can demonstrate its courage and strength by taxing those that have an overabundance of money appropriately, for the expressed purpose of a redistribution of that wealth, while also holding accountable those corporations that do not well represent fairness, equality, and inclusiveness, which combined when implemented would make for an America to truly be proud of.